1801 Albion St Los Angeles, CA 90031
Lincoln Heights Neighborhood
2
Beds
1
Bath
3,556
Sq Ft
8,309
Sq Ft Lot
Highlights
- City Lights View
- No HOA
- Laundry Room
- Abraham Lincoln High School Rated A
- Cooling System Mounted To A Wall/Window
- 4-minute walk to Albion Riverside Park
About This Home
As of August 2024ATTRACTIVE INTEREST-ONLY SELLER FINANCING AVAILABLE. We are proud to present an exceptional opportunity to acquire a well-maintained, 5-unit property located at 1801 Albion Street in the Lincoln Heights area of Los Angeles. This ±3,556 SF building sits on a ±8,309 SF lot and is situated between S Avenue 18 and S Avenue 19 on Albion Street.
1801 Albion Street provides convenient access to Downtown Los Angeles, L.A. Live, USC Health Sciences Campus, Dodger Stadium, FIGat7th, The Bloc and much more. Locally, tenants benefit from their proximity to major freeways (10, 5, 60, 110 and 101) and the Lincoln/Cypress Metro Rail Station, along with a vibrant mix of shopping centers, schools, restaurants, museums, and retailers.
Los Angeles, the heart of entertainment, boast a constant demand for quality rentals. The property sits amidst a thriving working class with a steady need for well-maintained housing and easy access to major employers. 1801 Albion Street offers a unique living experience with the added convenience of an on-site retail store, individual driveway parking, porches, backyards, and mature landscaping. Units feature wood plank flooring, new cabinets, wall air conditioning and heating, ceiling fans and vertical blinds.*
1801 Albion Street is a secure long-term investment ideal for any investor seeking a solid return. This opportunity caters to a wide range – first-time purchasers, seasoned investors, and those seeking a 1031 exchange – providing a win-win scenario.
*Select Units
Last Agent to Sell the Property
CB RICHARD ELLIS Brokerage Phone: 626-757-5717 Listed on: 07/17/2024
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $10,462
Year Built
- Built in 1890
Lot Details
- 8,309 Sq Ft Lot
- Two or More Common Walls
- Density is 2-5 Units/Acre
Home Design
- Apartment
Interior Spaces
- 3,556 Sq Ft Home
- 1-Story Property
- City Lights Views
- Laundry Room
Bedrooms and Bathrooms
- 2 Bedrooms
- 1 Bathroom
Parking
- 8 Open Parking Spaces
- 8 Parking Spaces
Utilities
- Cooling System Mounted To A Wall/Window
- Wall Furnace
Listing and Financial Details
- Legal Lot and Block 6 / 3
- Tax Tract Number 199700
- Assessor Parcel Number 5447025031
- $646 per year additional tax assessments
Community Details
Overview
- No Home Owners Association
- 4 Buildings
- 5 Units
Amenities
- Laundry Facilities
Building Details
- 5 Leased Units
- Rent Control
- 5 Separate Electric Meters
- 5 Separate Gas Meters
- 1 Separate Water Meter
- Insurance Expense $3,168
- Maintenance Expense $2,404
- Other Expense $1,000
- Water Sewer Expense $4,776
- New Taxes Expense $15,039
- Operating Expense $26,386
- Gross Income $82,608
- Net Operating Income $53,743
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jul 17, 2024
Closed on
Aug 21, 2024
Sold by
Caprich Holdings Inc
Bought by
Kawasaki Stefanie
Seller's Agent
Eric Chen
CB RICHARD ELLIS
Buyer's Agent
Richard Wilkinson
Compass
List Price
$1,200,000
Sold Price
$1,140,000
Premium/Discount to List
-$60,000
-5%
Views
9
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$13,230
Avg. Annual Appreciation
3.06%
Original Mortgage
$759,304
Outstanding Balance
$752,103
Interest Rate
6.89%
Mortgage Type
Seller Take Back
Estimated Equity
$420,303
Purchase Details
Closed on
Mar 31, 2021
Sold by
Tam Allan Sui Ki
Bought by
Caprich Holdings Inc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$600,000
Interest Rate
2.9%
Mortgage Type
Commercial
Purchase Details
Closed on
May 11, 2016
Sold by
Vega Raul F and Trust Of Raul Vega
Bought by
Tam Allan Sui Ki
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$385,000
Interest Rate
3.61%
Mortgage Type
Commercial
Purchase Details
Closed on
Sep 6, 2001
Sold by
Vega Raul
Bought by
The Trust Of Raul Vega
Similar Homes in the area
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $1,140,000 | First American Title Insurance | |
| Interfamily Deed Transfer | -- | Chicago Title Co Com Div | |
| Grant Deed | $705,000 | Fidelity National Title Co | |
| Interfamily Deed Transfer | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $759,304 | Seller Take Back | |
| Previous Owner | $600,000 | Commercial | |
| Previous Owner | $385,000 | Commercial |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/23/2024 08/23/24 | Sold | $1,140,000 | -5.0% | $321 / Sq Ft |
| 08/05/2024 08/05/24 | Pending | -- | -- | -- |
| 07/17/2024 07/17/24 | For Sale | $1,200,000 | -- | $337 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $10,462 | $1,140,000 | $740,000 | $400,000 |
| 2024 | $10,462 | $818,206 | $696,348 | $121,858 |
| 2023 | $10,267 | $802,164 | $682,695 | $119,469 |
| 2022 | $9,804 | $786,436 | $669,309 | $117,127 |
| 2021 | $9,672 | $771,017 | $656,186 | $114,831 |
| 2020 | $9,764 | $763,112 | $649,458 | $113,654 |
| 2019 | $9,391 | $748,150 | $636,724 | $111,426 |
| 2018 | $9,240 | $733,482 | $624,240 | $109,242 |
| 2016 | $916 | $42,404 | $26,899 | $15,505 |
| 2015 | $908 | $41,768 | $26,495 | $15,273 |
| 2014 | $924 | $338,529 | $281,271 | $57,258 |
Source: Public Records
Agents Affiliated with this Home
-
Seller's Agent in 2024
Eric Chen
CB RICHARD ELLIS
(909) 418-2030
2 in this area
60 Total Sales
-
Buyer's Agent in 2024
Richard Wilkinson
Compass
(323) 445-2426
2 in this area
73 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: CV24147159
APN: 5447-025-031
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
Nearby Homes
- 331 S Avenue 20
- 1815 N Main St
- 2713 Darwin Ave
- 2432 Daly St
- 200 N San Fernando Rd Unit 313
- 200 N San Fernando Rd Unit 202
- 200 N San Fernando Rd Unit 314
- 200 N San Fernando Rd Unit 210
- 117 N Avenue 25
- 120 N Avenue 25
- 2335 Griffin Ave
- 424 Solano Ave
- 1927 Griffin Ave
- 1911 Griffin Ave
- 2913 Baldwin St
- 1836 Sichel St
- 456 Solano Ave
- 2922 Darwin Ave
- 490 Solano Ave
- 2212 Johnston St